'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, October 3, 2011

Wow, my prediction that YM will go to 10900 was right on the table.

The market rises vertically, the bears are covering in darkness.

In trading, trade in between is the right way to trade.

Buying at the bottom and selling at the top are only for the pigs.

As can be seen from this 5 min chart, I enter at 10800 and exited at 10850.

That's how to trade folks.



YM has a tendency to go to 10900...
Sell limit got hit...gain 50 points...
Moving the stop to breakeven...
Putting sell limit to 10850...
Will buy it back at 10800 with stop at 10770...
Wow, suddenly it skyrocketed...loss 20 points...